# The 30-year fixed-rate mortgage currently averages 6.37%, according to the latest Freddie Mac Primary Mortgage Market Survey.

*business · news · 2026-05-14 · Benzinga*

## Key points

- Purchase mortgage applications rose 4% week-over-week and are 7% higher than a year ago.
- Buyers are increasingly turning to new construction homes as existing home inventory remains limited.
- Homeowners with low-rate mortgages are largely unwilling to sell, intensifying the supply shortage.
- Refinance applications declined an additional 1% as the existing-home market remains stagnant.

**Companies:** Freddie Mac, D.R. Horton, Lennar
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/etfs/sector-etfs/26/05/52551297/mortgage-rates-hit-five-week-highs-but-homebuyers-are-returning-boosting-home-depot-lowes-and-other-builders)

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